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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (51214)	5/9/2002 8:28:32 PM
From: t2	Read Replies (1) of 65232

JW, RE: Interesting--Dollar/Yen/Euro. I don't recall posting this here. I found the comment below found in the article very interesting. While the Japanese government has been trying to talk down their currency, look what a ex-finance minister in Japan had to say. It is obvious who would be inclined to tell it like it is since there is no political pressure on him. The longer term outlook was for a weaker dollar, according to former Japanese Finance Minister Eisuke Sakakibara. He told a gathering in Hong Kong on Wednesday that a move of the yen to 120-125 yen to the dollar was more likely than a move to 130-135 and forecast parity in the euro-dollar rate in the next 12 months. kitco.com

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